Word: nasdaq
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...nose-diving NASDAQ forecasting a recession? No one knows. But the Federal Reserve will raise short-term interest rates this week, possibly by a hefty 0.5 percentage point. I'm not suggesting anyone hit the panic button. But a steady rise in interest rates is how good times often end. Given that the Fed has been boosting rates since last June--mortgages are the costliest in five years--why not use today's prosperity to pay off debt...
Wall Street may be sounding a collective "Are we there yet?" to Alan Greenspan. The NASDAQ tumbled to its low point for the year Monday, losing more than 5 percent of its value in a brisk sell-off that also took the Dow down more than 250 points before both markets recovered in late-afternoon trading - the Dow finishing down 84 points down and the Nasdaq shedding 26.2 points. While analysts struggled to pinpoint a precise reason for the market's stormy Monday, the specter of more interest-rate hikes was a recurring theme, particularly in light of record trade...
...Express, Inc., of Irving, Texas, operates more than 900 stores in 28 states and the District of Columbia where it cashes checks, sells lottery tickets and provides money-transfer and bill-paying services. At a third of its stores, Ace offers payday loans. Its stock is traded on the NASDAQ...
...revelers at Dylan were mostly twentysomethings and soooo trendy. They looked like a bunch of Gap models with cell phones pressed to their beautiful little ears. More on point, virtually all of them were chastened day traders. A young partner in the restaurant venture confided that the volatile NASDAQ had all but ruined him, prompting him to--oh no!--start a career...
WHEN IGNORANCE IS BLISS If those mutual-fund ads that tout amazing returns look too good to be true, it could be because they're ignoring NASDAQ's 23.5% nose dive since March 10. Such backward-looking ads reflect the previous quarter's or even the previous year's returns. And with many funds driven by weighty tech holdings, last year's results may look brighter than those of the recent past. Of course, some funds may have thrived despite the latest downturn. But the NASD and the SEC are taking a hard look at what could be overly rosy...